After spending most of a year teaching its advisors and developers the intricacies of its revenue model, LA Metro now believes it can begin procurements for two major rail projects that have been on the shelf for years.

According to Joshua Schank, Metro’s Chief Innovation Officer, a P3 procurement could begin in as soon as six months for a pre-development agreement (PDA) to build the transit portions of the Sepulveda Transit Corridor. The intent of a PDA is to bring a contractor on board early in the planning and design process to influence efficiencies and cost savings.